Paytm Lets You Pay at E-toll Plazas: Here's What You Should Know

Users can now pay highway toll charges through their Paytm account without having the need to worry about cash in hand.

After the demonetization move, people are being compelled to switch to the non-cash mode. As such, mobile wallet companies including Paytm have seen manifold growth in transactions and new users coming on board with people turning to digital platforms to avoid the cash crunch situation.

Paytm for instance has already registered over 7 million transactions worth Rs. 120 crore in a day after the demonetisation drive. Moreover, the company has disclosed that it has served over 45 million users in the last 10 days alone and over 5 million new users were added since the demonetization of the Indian Rs. 500 and Rs. 1,000 notes.

Users can now pay highway toll charges through their Paytm account without having the need to worry about carrying cash in hand.

Supporting the initiative, Kiran Vasireddy, Senior Vice President at Paytm expressed that cash slowed down traffic at important toll plazas as attendants and motorists are left grappling with the hassles of dealing with loose change.

He further added that the rollout of Paytm-enabled payment will come as a relief to both commuters and toll plaza attendants and help towards the national cause of saving fuel.

However, Paytm and the National Highways Authority of India (NHAI) have signed a partnership that will facilitate cashless transactions for highway toll using the road ministry's existing radio frequency tags.